Callidus Capital Corp (TSE:CBL)’s share price shot up 6% during trading on Tuesday following insider buying activity. The stock traded as high as C$11.14 and last traded at C$11.05. 43,005 shares traded hands during trading, a decline of 33% from the average session volume of 64,118 shares. The stock had previously closed at C$10.42.
Specifically, insider Joseph C. Lewis acquired 3,500 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were acquired at an average price of C$9.99 per share, for a total transaction of C$34,965.00. Also, insider Joseph C. Lewis acquired 9,700 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were bought at an average price of C$9.83 per share, for a total transaction of C$95,351.00. Insiders have purchased 40,700 shares of company stock worth $407,596 in the last quarter.
A number of research firms recently commented on CBL. Canaccord Genuity lowered their price objective on shares of Callidus Capital Corp from C$13.50 to C$11.50 in a research note on Monday, August 14th. National Bank Financial lowered shares of Callidus Capital Corp from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$18.00 to C$11.00 in a research note on Thursday, August 17th.
The business also recently announced a monthly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 29th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.00%. The ex-dividend date of this dividend was Thursday, September 28th.
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Callidus Capital Corp Company Profile
Callidus Capital Corporation (Callidus) is a Canada-based company, which is engaged in providing financing solutions for companies that are unable to obtain financing from lending institutions. The Company operates a finance business that provides senior secured asset-based loans and lending services to mid-market companies operating in Canada and the United States.
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